REG - AO World plc - Director/PDMR Shareholding

AO WorldAnnouncement

27/07/2023 11:15

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RNS Number : 4340H  AO World plc  27 July 2023

AO World PLC ("the Company")

Director/ PDMR Dealing Notification

 

On 20 July 2023 nil-cost share awards granted under the Company's AO Incentive
Plan 2018 (as amended) (2020 grant) vested, including to persons discharging
managerial responsibilities ("PDMRs").  Following such vesting event, on 25
July 2023 Mark Higgins, CFO and a PDMR of the Company:

(a)  exercised half of his vested 2020 nil-cost share options  for 107,629
ordinary shares of 0.25p each in the capital of the Company ("Shares"); and

(b)  subsequently sold the Shares resulting from such exercise.

Further details are below.

 Name/PDMR     Number of share options vested under the 2020 grant  Number of share options exercised, and shares subsequently sold  Sale price per share  Number of share options retained
 John Roberts  284,900                                              None                                                              n/a                  284,900
 Mark Higgins  215,258                                              107,629                                                          £0.9762               107,629

Details of all options held by the Executives are set out in the Company's
annual report at www.ao-world.com.

The Notification of Dealing Forms provided in accordance with the requirements
of Article 19 of the Market Abuse Regulation in relation to Mr Higgins'
transactions are set out below.

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING
MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM

 1   Details of the person discharging managerial responsibilities/person closely
     associated
 a)  Name                                                         Mark Higgins
 2   Reason for the notification
 a)  Position/status                                              PDMR - Chief Financial Officer
 b)  Initial notification/Amendment                               Initial Notification
 3   Details of the issuer, emission allowance market participant, auction
     platform, auctioneer or auction monitor
 a)  Name                                                         AO World PLC
 b)  LEI                                                          2138005FFOAJIUZY4375
 4   Details of the transaction(s): section to be repeated for (i) each type of
     instrument; (ii) each type of transaction; (iii) each date; and (iv) each
     place where transactions have been conducted
 a)  Description of the financial instrument, type of instrument  Ordinary shares of 0.25p each

     Identification code

                                                                  GB00BJTNFH41
 b)  Nature of the transaction                                    Exercise of certain share options granted pursuant to the AO Incentive Plan
                                                                  2018 (as amended) (2020 grant)
 c)  Price(s) and volume(s)

Price(s)  Volume(s)
                                                                  £nil      107,629
 d)  Aggregated information                                       N/A - single transaction

     - Aggregated volume

     - Price
 e)  Date of the transaction                                      25 July 2023
 f)  Place of the transaction                                     Outside a trading venue

d)

Aggregated information

- Aggregated volume

- Price

N/A - single transaction

 

e)

Date of the transaction

25 July 2023

f)

Place of the transaction

Outside a trading venue

 

 

 1   Details of the person discharging managerial responsibilities/person closely
     associated
 a)  Name                                                         Mark Higgins
 2   Reason for the notification
 a)  Position/status                                              PDMR - Chief Financial Officer
 b)  Initial notification/Amendment                               Initial Notification
 3   Details of the issuer, emission allowance market participant, auction
     platform, auctioneer or auction monitor
 a)  Name                                                         AO World LPLC
 b)  LEI                                                          2138005FFOAJIUZY4375
 4   Details of the transaction(s): section to be repeated for (i) each type of
     instrument; (ii) each type of transaction; (iii) each date; and (iv) each
     place where transactions have been conducted
 a)  Description of the financial instrument, type of instrument  Ordinary shares of 0.25p each

     Identification code

                                                                  GB00BJTNFH41
 b)  Nature of the transaction                                    Sale of 107,629 ordinary shares
 c)  Price(s) and volume(s)

Price(s)  Volume(s)
                                                                  £0.9762   107,629
 d)  Aggregated information                                       N/A - single transaction

     - Aggregated volume

     - Price
 e)  Date of the transaction                                      25 July 2023
 f)  Place of the transaction                                     London Stock Exchange (XLON)

d)

Aggregated information

- Aggregated volume

- Price

N/A - single transaction

 

e)

Date of the transaction

25 July 2023

f)

Place of the transaction

London Stock Exchange (XLON)

 

 

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